A DeFi Lesson: What is Yield Farming?

📺This lesson relates to questions I received about “What is Yield Farming?” after creating these videos below on how to earn/farm yield with DeFi applications Compound Finance as well as Curve Finance.

In this video, I discuss what does this new popular meme in the DeFi (decentralized finance) community in Ethereum refer to, what are some examples of opportunities to farm yield, and what are some of the risks I’ve considered using these applications myself.

Helpful Resources:
🛠️Learn about Uniswap LPs at: https://uniswap.exchange/pool
🛠️ Learn about the Y stablecoin pool in Curve Finance at https://www.curve.fi/iearn/deposit
🛠️ Learn about Compound Finance at: https://app.compound.finance/
🛠️Learn about Balancer at: https://pools.balancer.exchange/#/
🛠️Learn about Synthetix LP rewards and staking at: https://mintr.synthetix.io/
🛠️Uniswap, Balancer, and Synthetix are easier to deposit funds in via Zapper.fi if you go to: https://www.zapper.fi/invest

For more DeFi tutorials like this, please subscribe to DeFi Tutorials with DeFi Dad on Youtube and follow @DeFi_Dad on Twitter (https://twitter.com/DeFi_Dad).

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Disclaimer & Risks: Uniswap, Curve, Compound, Balancer, and Synthetix did not pay me to produce this video. This is not financial advice and you should approach all DeFi applications, wallets, protocols, and tools with caution. Please be aware there is always risk in using DeFi, including technical risks (ie smart contracts hacks), financial risks (ie liquidity crises), and potentially admin risk (admin key compromise, governance vulnerabilities). Also there is risk whenever using leverage (if it’s ever used), and there’s risk of the dollar-peg for any stablecoin failing.
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To learn more about DeFi, subscribe to my favorite DeFi newsletters where I write guest posts and publish exclusive DeFi videos and tutorials:

📰Subscribe to The Defiant: https://thedefiant.substack.com/
🏴Subscribe to the Bankless Program: https://bankless.substack.com/
📺Also subscribe the Bankless Youtube channel, where I post weekly DeFi tutorials: https://www.youtube.com/playlist?list

🐤Follow me @DeFi_Dad on Twitter
🐤Follow my friends at @defiantnews on Twitter
🐤Follow my friends at @banklesshq on Twitter

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